Its next step is a commercial scale-up, targeting a 90,000 metric tons of land-based salmon farming with a facility in Miami in the US, where all permits are already in place.

The company has already started the construction on the site and will initiate three expansion phases to reach this production level.

It plans to raise approximately $105 million (€93.7 million) in equity and $60 million (€53.5 million) in debt for the 'US Phase 1 expansion' and 'Denmark Expansion,' which will give it a total production capacity of around 10,500 metric tons annually by 2020.

The principal assumptions in the company’s business plan “seem conservative and highly realistic,” said its business plan.

The company is assuming that if the US facility performs at current Danish KPIs and that current salmon prices remain unchanged, then it will fund the next expansions with funds from operations and have an EBITDA of around $740 million (€660.2 million) by 2026.

The subscription period will run from June 13 to 22 with Arctic Securities and DNB Bank acting as managers.

The company’s shares are expected to be OTC-quoted in Norway on or about June 30.

The board will also apply for the company's shares to be listed at the Oslo Stock Exchange within 12 months.

The company plans to issue new shares with a nominal value of NOK 1 (€0.11/$0.12) per share.

The subscription price is between NOK 337 (€35.70/$40.10) and NOK 438 (€46.50/$52.10) per share, based on a USD/NOK of 8.4649.

Its next step is a commercial scale-up, targeting a 90,000 metric tons of land-based salmon farming with a facility in Miami in the US, where all permits are already in place.

The company has already started the construction on the site and will initiate three expansion phases to reach this production level.

It plans to raise approximately $105 million (€93.7 million) in equity and $60 million (€53.5 million) in debt for the 'US Phase 1 expansion' and 'Denmark Expansion,' which will give it a total production capacity of around 10,500 metric tons annually by 2020.

The principal assumptions in the company’s business plan “seem conservative and highly realistic,” said its business plan.

The company is assuming that if the US facility performs at current Danish KPIs and that current salmon prices remain unchanged, then it will fund the next expansions with funds from operations and have an EBITDA of around $740 million (€660.2 million) by 2026.

The subscription period will run from June 13 to 22 with Arctic Securities and DNB Bank acting as managers.

The company’s shares are expected to be OTC-quoted in Norway on or about June 30.

The board will also apply for the company's shares to be listed at the Oslo Stock Exchange within 12 months.

The company plans to issue new shares with a nominal value of NOK 1 (€0.11/$0.12) per share.

The subscription price is between NOK 337 (€35.70/$40.10) and NOK 438 (€46.50/$52.10) per share, based on a USD/NOK of 8.4649.